Guideline Value for Balaji Nagar 12th Street

Balaji Nagar 12th Street guideline value

The current guideline value of Balaji Nagar 12th Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Balaji Nagar 12th Street has changed

The guideline value for Balaji Nagar 12th Street has seen significant changes over the years. In the 2003 revision, the value was Rs 221 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a change of +36%. The value then rose dramatically to Rs 1,407 per sq.ft in 2017, reflecting a +369% increase. The 2023 revision set the value at Rs 2,099 per sq.ft, which was a +49% increase from 2017. The most recent revision in 2024 has set the guideline value at Rs 2,350 per sq.ft, representing a +12% increase from the previous year.

It is important to note that the register has no figures for Balaji Nagar 12th Street for the years 2002 and 2012. Overall, from 2003 to 2024, the guideline value has increased by +963%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Balaji Nagar 12th Street is above this median.

• Balaji Nagar 13th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 11th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 14th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 10th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 15th Street: Rs 2,350 per sq.ft (2024)
• Balaji Nagar 16th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Balaji Nagar 12th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, totaling Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Balaji Nagar 12th Street?

The Sub Registrar Office that covers Balaji Nagar 12th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Anakaputhur

The guideline value is an important factor when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is registered, the guideline value helps in establishing a fair basis for the transaction. It is essential for both parties to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Balaji Nagar 12th Street?

The current guideline value of Balaji Nagar 12th Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 221 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of +963% over the years.

What is the land classification for Balaji Nagar 12th Street?

Balaji Nagar 12th Street is classified as Residential Class III Type - I.

Where is the Sub Registrar Office for Balaji Nagar 12th Street located?

The Sub Registrar Office for Balaji Nagar 12th Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Balaji Nagar 12th Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 23,50,000 would incur a stamp duty of Rs 1,64,500.